Mortgages Direct provides an independent mortgage quotes and advice service. When you submit this form we will contact you to discuss your options.

Compare Santander mortgages

Santander offers fixed rate mortgages, tracker mortgages and lifetime tracker mortgages. A fixed rate mortgage gives you a set rate of interest for a certain period (usually 2, 3 or 5 years) after which you move to a standard variable rate. A tracker mortgage means your interest will be tied to the Bank of England Base Rate for a set period, before moving to a standard variable rate. A lifetime tracker mortgage means your interest rate will track the Bank of England Base Rate for the entire repayment period of the mortgage.

Knowing which type of Santander mortgage is most suited to your needs will depend on your reason for borrowing and your personal circumstances. Take a look at the kinds of mortgages Santander offer to their UK customers to get a better idea of what your options could be.

First Time Buyer mortgages

Santander offer mortgages tailored to those looking to purchase their first home. You can choose from an interest only mortgage or a capital and interest mortgage. First time buyers can apply for a mortgage with Santander with deposits as low as 5% of the value of their prospective home, making it easier to get onto the property ladder.

Remortgaging with Santander

Moving your mortgage to Santander could allow you to get a better deal, reducing your monthly payments, or let you borrow more so you have the money for home improvements or other expenditures. On many of their mortgages, Santander offer free standard valuations and will also pay your standard legal fees. This can make switching to them an attractive proposition.

Second charges mortgages

If you need to borrow more, it doesn’t always make good financial sense to remortgage, especially if you have a good deal on your existing mortgage. It can be cheaper to take out a separate secured loan, commonly known as a second charge mortgage. This allows you to keep the good rate on your existing mortgage while still being able to borrow more against your home.

Loan to value ratio

The amount you can borrow as a mortgage or other type of secured loan will depend on your loan to value (LTV) ratio. This shows what percentage of your property’s market value the debt you wish to secure against it represents.

So, if you want to borrow £50,000 on a property valued at £100,000, this would make your LTV 50%. LTV also takes into account existing secured loans, so if you later wanted to take out a second charge mortgage for £25,000 on the same property it would put your LTV up to 75%.

In general, you will get a better interest rate on mortgages with a lower loan to value ratio.

Find the best deals on mortgage rates

There are a large number of different mortgage providers on the market, all offering their own variety of mortgage deals. This can make it hard to know which will offer the best value to you.

Our mortgage loan calculator simplifies things by showing you our pick of the best deals from across the market all in one place. Head to the top of the page to try it out now.